State Lottery Proceeds Exceed Estimates

The head of the Oklahoma Lottery says proceeds for education exceeded projections by $12 million during the fiscal year that ended June 30.

The Powerball logo from the Oklahoma Lottery.

Credit Oklahoma Lottery Commission

Oklahoma Lottery Executive Director Rollo Redburn announced Monday the lottery's total contribution to the state was $70.1 million over the year. That's more than the projected $57.5 million.

Redburn said it was the fourth consecutive fiscal year that total the gambling collections outpaced projections, including $12.4 million more than the estimate in the 2012 fiscal year.

Redburn says the state lottery's total share to public education in Oklahoma since its launch in 2005 is more than $550 million. The money goes mostly to K-12 schools and colleges and universities, with a smaller portion dedicated to career and technology centers.